FTX US, the sources said, would pay an additional $25 million if, by Dec. 31, BlockFi wins an important regulatory clearance from the U.S. Securities and Exchange Commission for BlockFi Yield, a product that would generate interest on depositors’ crypto by lending the crypto out at a higher rate. Source
Tag: BlockFi
BlockFi shows top growth among U.S. companies, the U.K. posts over 10% inflation and BitGo plans to bring a lawsuit against Galaxy Digital.
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Fed to issue long-awaited guidelines for granting master accounts to crypto banks Crypto’s continued journey into the mainstream has come with various levels of regulatory action across the globe. This week brought clarity in terms of expectations for crypto-focused banks seeking accounts with the…
BlockFi tops the Inc. 5000 list with almost 250,000% revenue growth in three years
Inc. magazine has named BlockFi the fastest growing company in the United States in 2022. At the top of the magazine’s Inc. 5000 2022 list, it experienced 245,616% growth, a lead of more than 99,000% over the second-place company, a platform for hiring nurses. The median growth rate was 230% across all 5,000 entries. The Inc. list “ranks companies by overall revenue growth over a three-year period,” according to the magazine. In the fast-moving world of crypto, three years is practically an epoch, and BlockFi’s achievement is especially notable after…
Have You SEEN THIS Crypto Report?! What It Says!!
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Chute du BITCOIN et des CRYPTOS, qu'attendre de la suite ?
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io S’il n’est pas possible de prévoir l’avenir, nous pouvons malgré tout analyser la situation actuelle et concentrer notre attention sur les sujets d’importance encore sous les feux des projecteurs. Dans cette vidéo nous revenons sur l’actualité crypto, macro éco et nous réalisons un zoom sur les questions encore ouvertes au coeur de la chute des dernières semaines. 🔗LIENS DE LA VIDEO & SOURCES: Mise en pause des retraits chez Celcius : Celsius détenait beaucoup de stETH : Le token $CEL : Les…
END OF CRYPTO LENDING | FTX BUYING IN FIRE SALE
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Big news about Celsius Network, Voyager, Blockfi and FTX. Is this the end of CeFi and crypto lending? 🟪Buy Bitcoin & Crypto with IRA/401k w/ItrustCapital ($100 Bonus) 📊Buy Bitcoin & Crypto w/Bitget (No KYC and up to $8000 Bonus) 💳Get a Blockfi Bitcoin Reward (1.5% Back in BTC) Credit Card: 🚧Buy Crypto Domain Names w/ Unstoppable Domains: 💰Earn Interest and DCA Crypto w/ Vauld: 🔒Safeguard Your Bitcoin and Crypto w/ Ledger Hardware Wallet 🚨Protect Yourself with NordVPN (69% off) 🔥CryptosRus’ Best Crypto…
Crypto Lender BlockFi Had $1.8B in Open Loans at End of June and $600M of Exposure
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BlockFi had $1.8B in outstanding loans in Q2: Report
Centralized crypto lender BlockFi disclosed that as of the end of Q2, it had $1.8 billion in outstanding loans from institutional and retail investors and $600 million in “net exposure.” The disclosure came from its July 21 Transparency Report for Q2 where the firm outlined its risks relating to liquidity and credit, and shared details on its institutional and retail loan portfolios. Of the outstanding loans to borrowers — valued at $1.8 billion — the firm reported that $600 million are uncollateralized loans. Institutional loans accounted for $1.5 billion of…
BlockFi Quickly Reverses Plan to Stop Accepting GBTC as Collateral
Crypto lending platform BlockFi, after asserting earlier Tuesday that it would no longer accept shares in the Grayscale Bitcoin Trust (GBTC) as collateral for loans, reversed its position later in the day and issued a statement that, “We are not saying that we won’t support GBTC as collateral moving forward.” Source AcceptingBlockFiCollateralGBTCPlanquicklyReversesStop CryptoX Portal
BlockFi Has Stopped Accepting GBTC as Collateral: Report
The company’s exposure to the Grayscale Trust is now minimal, says CEO Zac Prince. Source